Nuveen Asset Management LLC Sells 139,015 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Nuveen Asset Management LLC reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,393,996 shares of the restaurant operator's stock after selling 139,015 shares during the period. Nuveen Asset Management LLC owned approximately 0.84% of Chipotle Mexican Grill worth $687,058,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $31,000. Sound Income Strategies LLC grew its holdings in Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after acquiring an additional 555 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $38,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $50,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMG has been the topic of a number of research analyst reports. Loop Capital lowered their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. KeyCorp dropped their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird dropped their price target on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Stephens reissued an "equal weight" rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, May 7th. Finally, Evercore ISI dropped their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.74.

Chipotle Mexican Grill Trading Up 0.5%

Chipotle Mexican Grill stock traded up $0.28 during trading hours on Friday, reaching $52.32. 10,833,771 shares of the company were exchanged, compared to its average volume of 13,568,308. The firm has a market cap of $70.49 billion, a price-to-earnings ratio of 47.12, a PEG ratio of 2.04 and a beta of 1.11. The stock has a 50-day moving average of $49.72 and a 200 day moving average of $55.43. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The company's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $13.37 earnings per share. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.